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This Day in Georgia History

March 06, 1933

Banks Closed

During the Depression, America’s banking system seemed on the verge of collapsing, leading to nationwide run on banks to withdraw gold and currency. On this day, Georgia banks closed as Pres. Franklin D. Roosevelt declared a nationwide four-day bank holiday in an attempt to save the nation’s faltering banking system. Most banks reopened after a 10-day “holiday”. However, many banks in Georgia, and indeed across the nation, permanently closed during the Depression.